Jacksonville housing market keeping pace with rest of Florida

The positive momentum in Northeast Florida’s housing market is keeping pace with the rest of the state.

The statewide median sales price of a single-family home in August was $175,000, according to data from the Florida Association of Realtors released Thursday. The median in Northeast Florida, as we reported last week, was $170,000.

In July, the most recent data available, the nationwide median was $214,000, according to the National Association of Realtors.

The inventory of homes for sale ticked up slightly statewide — 5.1 months from 5 months — but in Northeast Florida, inventory continues to dwindle, to 4.6 months. A market is considered balanced when there’s five to six months of inventory available.